TOVInnovation Challenge 2018

Spanning 12 weeks, the 2018 TOV Innovation Challenge invites fintechs to develop practical solutions to address
the challenges put forth by eight different business units in OCBC. This is a collaborative programme where
selected fintechs and their respective business units will have to work closely together to co-develop
and test the solutions.

The programme culminates in a Demo Day, with selected fintechs presenting their solutions to the OCBC community.
Beyond the Innovation Challenge, fintechs may have the opportunity to enter into long-term commercial
arrangements with OCBC.

What are you waiting for? Enter the challenge now! Applications close on
30 April 2018.

Grow

Test

Learn

Receive guidance from a dedicated project team who will facilitate your co-innovation journey with the
business units.

Programme Timeline

30 Apr 2018

Application Deadline
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Apply to the Innovation Challenge now to uncover real business opportunities!

April – May 2018

Selection Period
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The selection process will entail several rounds. Shortlisted applicants will be contacted for callbacks,
demos as well as pitching sessions to the senior management of the sponsoring business units. Thereafter,
up to 2 finalists per problem statement will be selected.

21 May – 14 Jun 2018

Fintech Onboarding
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Meet your business unit in person to agree on the scope, KPIs and approach.

18 Jun – 7 Sep 2018

Pilot Co-Innovation Development
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Full speed ahead! During this time, you will contextualise your solution to the business unit’s needs and
test your innovative solution with anonymised customer data via OCBC’s Data Sandbox. Get professional
guidance and support from the project team throughout the challenge.

29 Jun 2018

Meet the CEO
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Pitch your solution to Mr. Samuel Tsien, OCBC’s CEO, and the OCBC senior management executives! This is
your time to shine!

6 Sep 2018

Demo Day
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Unleash your magic! Showcase your co-developed working prototype with your business unit in front of the
OCBC community and gain access to an extensive network of industry leaders.

What’s expected of selected fintechs?

Co-Innovation with Business Units

Our goal is to accelerate the adoption of market-ready solutions. Selected fintechs will need to work very
closely with your partnering business units to create solutions that are relevant and impactful to the
issues you want to address.

Commitment

You should dedicate at least one member of your team full-time to the contextualisation and co-development
of your POC solution. Your representative should attend all meetings with the business unit and have
a good understanding of your solution technology and business model.

Weekly Meetings

Hold weekly status meetings with your partnering business unit. This will keep stakeholders updated on
your co-innovation progress and ensure every effort is targeted at real business needs.

Who can apply?

To qualify, you must be a fintech who:

Has a working solution

Mature fintechs and non-fintech start-ups with a working prototype and go-to-market strategy are strongly
encouraged to participate. Selected finalists are required to demonstrate a working solution by the end
of the programme.

Can demonstrate a strong ability to execute

You possess a strong company track record, technical ability and industry knowledge to solve real business
problems.

Shows business potential

You have the business model, customer experience and collaborative applicability to the industry.

Has a unique proposition

Your technology is unique, and what you offer is completely different from existing solutions.

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